2 Value Stock Picks Emerge as Saas-SOX Correlation Persists
Here is a pair of lesser-known names that are delivering for investors.
Programming Note
We are having an internet problem.
Technician working on it.
Position: None
Late Morning Market Stats and Charts
– NYSE volume 14% above its one-month average;
– Nasdaq volume 142% above its one-month average;
– VIX index: up 2.63% to 17.54
Positions: None.
We’re Boosting Our Amazon Price Target
Let’s discuss expanding AWS revenue, backlog and margins, and prospects for further shopping share gains.
Tech (XLK) Vs. Financials (XLF) Vs. Consumer Staples (XLP)
Charts from 10:10 a.m. ET.
Positions: None.
The Market Is Still ‘Abby’ Normal
“Igor may I speak to you for a moment?”
– Young Frankenstein Abby normal scene
SanDisk ($SNDK) – $165 from day’s highs.
Would you mind telling me whose brain you put in?
Positions: None
3 Reasons Why Apple Shares Are Falling
The potential iPhone upgrade cycle, product pricing and the Apple Upgrade program are a powerful combination.
That Was Fast!
I just covered my entire Index (short) position for a profit:
SPY ($SPY) $742.63
QQQ ($QQQ) $687.21
From a few minutes ago (!):
Added to Index Shorts
I added to my Index shorts on the rally after the opening:
* SPY (SPY) $746.09
* QQQ (QQQ) $695.61
Positions: Short SPY VS QQQ VS
BY Doug Kass · Jul 31, 2026, 9:48 AM EDT
Positions: None.
Added to Index Shorts
I added to my Index shorts on the rally after the opening:
* SPY ($SPY) $746.09
* QQQ ($QQQ) $695.61
Positions: Short SPY VS QQQ VS
A Very Red Reddit
Reddit’s shares are down by -$26 (or -15%) and its CEO is being interviewed on CNBC.
As I have written, I have never seen a company’s management who were not optimistic about their quarter or prospects.
Reddit’s CEO is another culprit.
But, congrats to Julia Boorstin at CNBC for grilling CEO Steve Huffman and holding his feet to the fire — it’s one of the first times I have seen hard balls thrown in an interview on the network.
You Can’t Make This Up!
That said, “Drawdown” Josh (The Best Stocks In The Market) Brown purchased Reddit shares YESTERDAY (before the stock’s schmeissing!).
cnbc.com/2026/07/29/biggest-analyst-calls-on-wall-street-include-nvidia-amd.html
But that will be a feature on Monday in my “The CNBC Panelist Said What?”
Positions: None